business

World's ailing airlines appeal for aid

5 Comments
By Alexander Cornwell and Fathin Ungku

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The government's ought to listen to these corporations requisitions.......and then...disburse the funds to the main Street. After all, the corps have a fullproof way of getting it from the people. They scr* w the people, flaunt their yearly profits ( " we made gazillion $$ this year !!! " ) . Enter Corona for a couple months and they chuck workers out , then want the taxpayers to bail them out. It should be the other way around.

4 ( +5 / -1 )

"Won't someone think of the billionaires and shareholders?!" /s

How about, and bare with me because this apparently a crazy concept, we start at the bottom with the help and work our way up.

-1 ( +1 / -2 )

One consequence of reduced flights; a number of airlines will keep some airplanes and crew flying to ensure that some pilots remain qualified; they need to have a minimum of 3 take-offs and touch-downs every 90 days in the same type of airplane to remain type qualified. Otherwise, if and when the situation clears up there may be few or no pilots qualified/ available to fly, unless authorities waive the rules, probably not possible due to legal and insurance requirements,

As stated above, airlines are also using regular flights with no passengers to carry freight, a Boeing 777 can carry more than 55,000 kg in its 2 cargo holds, though the price is much higher than if it were in a dedicated freighter.

1 ( +1 / -0 )

Fire the boards of directors and nationalize the airlines that squandered their cash cushions on share buybacks. Clearly, they've been mismanaged. Then gradually privatize them after the economy recovers.

4 ( +4 / -0 )

Governments shut down their borders = Transportation Companies can not operate

Clearly such Companies will fold - due to no fault of their own.

Whether their are allowed to do so or not, is up to the Country within which they operate - assuming that they have a forward thinking plan.

The Support package, should they decide to have one, will need to be customised to that Organisation - and essentially put them into mothballing until when they are needed - so many people will loose their jobs. That is inevitable. But as there are no other jobs available - this means people will have no income, so... the Government could be seen partly responsible - even if its other Governments closing down access for their Airlines to destinations... so what to do ?

I don't think people are really understanding the enormity of the situation we are facing. It's not 2008, it's not 1970, it's far worse, it is akin to the 1930's .. go back read your History books and check.

0 ( +0 / -0 )

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